Which is why you see headlines like: "Skyscraper elevator plunges 84 floors — and everyone survives" https://www.cbc.ca/news/world/elevator-plunge-chicago-1.4913...
Which is why you see headlines like: "Skyscraper elevator plunges 84 floors — and everyone survives" https://www.cbc.ca/news/world/elevator-plunge-chicago-1.4913...
Note that it wasn't descending particularly quickly; one cable snapped but other safety systems were still operable.
So, 500 feet of freefall is still substantial. That puts the situation on par with a bungee jump.
What I never understood is how elevators can travel downwards so quickly without such a system engaging. Can they block it somehow or are they never accelerating fast enough down?
Apparently if that ever happens, your best bet is to lay flat on the floor with your hands covering your head, as the impact will launch you upward.